Local Politics

Moore Campaign: Records Request 'Absolutely Political'

Posted October 23, 2007

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— The State Employees Association of North Carolina is continuing to pursue State Treasurer Richard Moore for information on the state retirement fund, a move the gubernatorial candidate's campaign called politically motivated.

SEANC last week made its second public records request in seven months for documents related to investments made by Moore with the $75 billion retirement fund. Moore provided the group with about 700 pages of information following a March request, but SEANC officials said it was filled with incomplete annual reports and a list of investment categories.

For more than a year, Moore has defended pension fund performance and conflict-of-interest concerns that he raises campaign money from people investing state employees money.

"We are one of the strongest pension funds in the country," he said in March. "All politicians raise money from the environment they're in."

SEANC wants to know where the retirement money of its 55,000 members is invested and who gets paid to make the decisions, said Erica Baldwin, the organization's assistant communications director.

"We got a lot of calls from members," Baldwin said. "The treasurer has been a champion of transparency on Wall Street. We're just asking for that same standard here at home in North Carolina."

"We're not trying to play politics," she said.

But Moore's campaign manager, Jay Reiff, called the records request "absolutely political," saying it was an attempt at "spreading misinformation to help (Lt. Gov.) Bev Perdue."

Perdue is Moore's main opponent for the Democratic nomination in next year's governor's race.

Moore's office said they would try to answer the records request as soon as possible.

"We don't hide anything," said Jennifer Cohen, Moore's deputy chief of staff. "I have no idea what the agendas are at play here."

2 Comments

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  • Windsway Oct 24, 2007

    "All politicians raise money from the environment they're in." What an unfortunate statement. Isn't that simply admitting that he used his position to collect money for his upcoming campagn? I'm sure he ignored all offers for contributions to his election committee while making decisions that represent retirees. I'm sure he never even considered that his decisions on investments would directly benefit him. Or is he really admitting that he committed the same type of acts that Meg Scott Phipps and other democrats (read Black and other lottery supporters)did to benefit themselves?

    Moore is just another pretty boy built in the same mode as John Edwards. Just listen. Moore will say whatever it takes to get elected........But beware, if he becomes our governor, his first priority will be to "raise money from the environment that he is in." Exactly what we need as our next governor.

  • retired and luv it Oct 24, 2007

    Based on my dealings with the retirement system over the last 8 months I would suggest everyone had better keep up with what is going on if possible. I have never seen a more inaccessable agency with so much smoke and mirrors and misinformation depending on who you talk to--if you manage to talk to anything but a voice mail.